Disclosure Requirements

Our Corporate Governance Disclosure Checklists cover the following areas:

These checklists are updated as often as required to reflect any revisions in the source documents.  The FRC publishes annual reviews of corporate reporting, thematic reviews and reports in collaboration with the FRC Lab. These publications contain updated and additional guidance of ‘what good looks like’ for companies to consider in their annual and interim reporting.

In January 2024, the Financial Reporting Council (FRC) issued the 2024 Code with supporting guidance which will become effective from 1 January 2025. 

Note that the above links are to the 2018 Code and supporting guidance prior to revisions made as a result of the January 2024 update to the Code.  The updated Code will apply to accounting periods commencing on or after 1 January 2025 except for Provision 29 – the declaration on the effectiveness of the risk management and internal control framework – which will apply to accounting years commencing on or after 1 January 2026.  The FRC has issued new guidance to support the 2024 Code but until the 2024 Code comes into effect, the 2018 Code applies and continues to be supported by: The Guidance on Board EffectivenessThe Guidance on Audit Committees; and The Guidance on Risk Management, Internal Controls and Related Financial Business Reporting as referenced above.

The UK Stewardship Code

The FRC also publishes the UK Stewardship Code which sets out good practice as to how investors interact with investee companies.  The FRC asks investors to report on a ‘comply or explain’ basis and the Financial Conduct Authority requires certain investors to do so or else explain their alternative strategy to achieve the same aims. The FRC publishes an annual review of reporting under the UK Stewardship Code to highlight areas for improvement and best practices.

In February 2024, the FRC launched a review of the 2020 UK Stewardship Code (the Code) to ensure it supports growth and the UK's competitiveness.

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.